(新英文)“国际金融”课后计算题答案.pdfVIP

Chapter 1： 9. Net debtor nation of the amount $25 billion. 10. a. Merchandise trade balance, $75 billion deficit. Services balance, $60 billion surplus. Goods an services balance, $15 billion deficit. Investment income balance, $5 billion surplus. Unilateral transfers balance, $20 billion deficit. Current account balance, $30 billion deficit. b. Current account. The current account deficit implies that the Unite States is a net-demander of funds from the rest of the world. 11. a-debit; b-credit; c-credit; d-debit; e-debit; f-debit; g-credit; h-debit; i-debit. Chapter 2： 1. An arbitrager coul purchase 3 francs with $1, purchase 6 schilling with 3 francs, an sell 6 schilling for $1.50. Ignoring transaction costs, the arbitrager realizes a $0.50 profit on the transactions. 2. a. The U.S. speculator shoul sell francs today for delivery in 3 months at todays forward rate of the franc, which equals $0.50. b. After 3 months, if the francs spot rate is $0.40, the speculator can purchase francs at the price of $0.40 each an deliver them for the previously contracte rate of $0.50 per franc; the speculator realizes a profit of $0.10 on each franc which the forwar contract specifies. If the francs spot rate after 3 months is $0.60, the speculator must purchase francs at a price of $0.60 per franc and resell them at a price of $0.50 per franc; the speculator would suffer losses of $0.10 on each franc specified in the forward contract. If the francs spot rate after 3 months is $0.50, the speculator realizes neither a profit nor a loss on the transaction. 3. a. The U.S. impo